Home Multifamily
multifamily
Over the past two weeks, Northcap, Calmwater Capital and Benefit Street Partners have each launched or closed real estate credit funds.
The firm is looking to offer more HUD loans as an alternative to borrowers in today’s capital-constrained market.
Greystone-arranged financing will help build submarket’s tallest multifamily asset.
Washington, DC, shopping mall will be redeveloped into mixed-use asset with 320 apartment units.
The strategy will originate bridge loans on behalf of domestic and international institutional investors.
Co-founder Jonathan Roth expects firm to originate more gap and bridge financings in current market.
Greystone arranged the financing package for 1057 Atlantic Avenue.
PacWest attempts to add liquidity as regional banking turmoil persists.
JLL Capital Markets arranged the $220m loan, of which about $65.8m is comprised of preferred equity.
The firm expects to see a rise in portfolio and property recap opportunities over the next six to 18 months as traditional lenders pull back.